Mayfield, KY is a great place to purchase a home due to its relatively low median value of $135,800 paired with higher than average appreciation rate over the last year at 13.54%. This means that homeowners in Mayfield, KY are likely to see an increase in their homes' values faster than the national average of 8.27%. Additionally, Mayfield's median value is significantly lower than that of the US median value of $338,100. Thus, Mayfield residents can expect both financial stability and growth when investing in this city's housing market.
The median home cost in Mayfield is $135,800. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Mayfield is up 15.7%.
Average Age of Homes
- The median age of Mayfield real estate is 50 years old
The Rental Market in Mayfield
- Renters make up 42.2% of the Mayfield population
- 0.3% of houses and apartments in Mayfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.